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TikTok pushes US Supreme Court to rule that divest-or-ban law is unconstitutional; Trump weighs in

SCMP LogoSCMP18h ago

TikTok pushes US Supreme Court to rule that divest-or-ban law is unconstitutional; Trump weighs in - SCMP

Quick Summary:

Oral arguments before the high court are set for January 10, nine days before the divest-or-ban law is to go into effect.

According to TikTok, ByteDance was “founded by Chinese entrepreneurs, but today, roughly 60 per cent of the company is beneficially owned by global institutional investors”.“Congress has no legitimate interest in disrupting the US operator of a US speech platform to alter editorial choices about the mix of content to disseminate – whether or not Congress deems some aspect of that content mix foreign propaganda,” the brief said.

In the filing, TikTok described itself as a US company, though it is owned by ByteDance, which was started in Beijing in 2012.


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Article Details

Author / Journalist: Khushboo Razdan

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-28 @ 06:56:02 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 261 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 53 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24704175

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About SCMP

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Main Topics: Business

Official Website: scmp.com

Update Frequency: 9 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 13 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #42

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